Disney Requires Relief from its Timeshare Difficulties

Timeshare companies continue to suffer from the ill effects of the financial crisis. Most companies have clients seeking for timeshare relief. Other companies ended up having to close down because of financial breakdown. But other companies were able to open up timeshare units like the Disney Vacation Club.

The Disney Vacation Club opened up its first West Coast timeshares in September at the Grand Californian Hotel. However, the financial report of the Vacation Club was still slumped down by the financial crisis.

The Citigroup’s decision to stop buying mortgages since December last year closed down the mortgages of the Vacation Club to only $17 million up to October 3. It is 88 percent down from last year’s $174 million mortgages. The securitization affords the Vacation Club a boost in their profit and without is, much is lessened to Disney’s timeshare division. It also affects the overall profit of the whole Walt Disney company because 20 percent of its profit comes from its timeshare division.

This decrease in their profit may be a bad news for the entire group but because of Disney’s financial strength, it can neglect this negative effect. However, for timeshare owners who are having difficulties with their timeshares cannot just set aside the financial burden they have because of their timeshares. Getting rid of the timeshares is the best option that they can find to have more financial freedom. They are not able to enjoy their timeshares because of the amount of money their timeshares require of them.

Relief to Timeshare Employees Can also be Provided

The difficult economic situation and other unfortunate circumstance, including the fact that some timeshare owners are seeking for timeshare relief, is not an excuse to disregard the employees. Such is the message that Trading Places International, a timeshare management service provider, is conveying with its actuations to its employees.

Trading Places opted not to remove any of its employees even during the financial crisis. They even made sure to continue making their people happy. They instead decided to continue on being frugal with the rest of their operational expenses to make sure that they can continue ot provide for their people.

Trading Places made sure that its people receive everything they used to receive before the onset of the financial crunch. They made it a point that the employees get to appreciate the fact that they have their jobs when other people lost theirs. The satisfactions they feel are translated to quality services to their clients as well as retention of quality staff.

It is such good news to know that such type of company exists in the industry of timeshare. It can somehow be a good reason to pay for the heavy maintenance fees and associated charges. It may be small enough as an exchange for our expenses but at least some people get to benefit from it. Hopefully, even if other timeshare owners continue to seek for ways to get rid of their timeshares, Trading Places will continue to treat its people well. And hopefully, they can also continue to grow and benefit other people with their business.

Relief to Owners Come with the Increase in Demand for Pre-Sold Timeshares

Pre – sold timeshares are experiencing an increase in demand these days. If such is true, then timeshare owners seeking for timeshare relief are off to a good start next year, hopefully without their timeshares in hand anymore. But if this said trend will cease to continue, then timeshare owners seeking for ways to get out of their timeshare contracts might need to keep a close look at their financial obligations to make sure they won’t be missing any.

The Century Timeshare Group, among the famous timeshare resellers, are now priming up their marketing strategies to be able to cater to the current demand of the timeshare reselling industry. The company reported a steady increase in demand for timeshare from private investors. Different investors are calling in daily to inquire of timeshare packages.

The company then opted to put up a showroom. The said showroom is worth multi – million of dollars and will serve as a venue of the planned monthly auctions for timeshares for resale. With this development, timeshares for resale are having an increase in the possibility of being sold out.

It is with hope as well that the private investors calling Century Timeshare Group are all ready for the financial responsibilities associated with timeshares. Hopefully, they will be able to keep up with the fees that timeshares demand from their clients lest they also end up getting rid of their timeshares because they already find it a burden to maintain the vacation option.